Company Reform Process: The company which has undergone through changes influenced by the economic policies prevailed at certain times, has eventually by mid ninetieth became a joint stock company amid the country’s economic reform program towards the free market economy and privatization process . The National Company For Construction and Development, a state – owned holding company, became the sole stockholder of the company and effectively form 1-12-1996 a new management took over the responsibility and immediately started a wide scale reform program and restructuring of the company’s organization with tight grip to curb the difficulties and place the company into a new high profile. Efforts were fruitful in an outstanding achievement, higher performance and dedication to the company and the national interests as well, the annual turn over of the company reached unprecedented figures and the financial strength of the company became very obvious and remarkable and it is now one of the most eligible companies for privatization